Liz Truss has said the UK must have “the courage of its convictions to put our nation on the path to success”, a day after a major U-turn on a key economic policy. Writing in the Telegraph, the prime minister said the struggling economy was a global problem caused by Putin and COVID, that there
The first rule of U-turns, as a veteran former cabinet minister told me last week, is to do them quickly. Liz Truss and Kwasi Kwarteng decided late last night to cut their losses, both saying this morning that the policy of abolishing the 45p rate for those earning more than £150,000 had become a “distraction”.
A little under four weeks as prime minister and it couldn’t really have gone worse for Liz Truss. A mini-budget that precipitated a run on the pound (it has rallied a bit since), a £65bn emergency intervention by the Bank of England to prop up pension funds, and the withdrawal of nearly 1,000 mortgage deals
Kwasi Kwarteng is facing calls for an official inquiry following a report that he attended a private champagne reception with hedge fund managers following his mini-budget. The Sunday Times newspaper reported that the chancellor joined the gathering in Chelsea on 23 September and was said to have been “egged on” to pursue his plan of
Liz Truss is set to face a wretched week at the Tory Party conference after the disastrous reaction to Kwasi Kwarteng’s tax-cutting mini-budget. The prime minister arrived in Birmingham on Saturday looking buoyant just hours before yet another injurious poll was released. Hopes to be greeted by an adoring host of members have likely been
Three-and-a-half weeks ago, Liz Truss was beaming as she was announced as the new leader of the Conservative Party. She did not embrace her husband or console her defeated opponent – reaching instead for her victory speech and marching onto the stage. The contrast as she heads to her party’s annual conference in Birmingham is
Consumers are being warned they may be targeted by scammers as the government’s energy price guarantee comes into effect. Messages asking for people to provide personal or financial details to receive support should be treated as fraudulent activity, as no applications are required, the business secretary has said. The £400 Energy Bill Support Scheme will
You have to go back to Tony Blair’s honeymoon period after his 1997 landslide general election victory to find a Labour opinion poll lead as massive as 33 points. All those critics of Sir Keir Starmer – mostly on the Corbynista left-wing of the party, who’ve claimed with the Tories in turmoil, Labour should be
Labour has surged to record leads in multiple polls in the wake of the economic turmoil after the government’s mini-budget. A YouGov/Times poll placed Labour 33 points ahead of the Conservatives, believed to be the largest lead for Labour in any recorded poll since 1998, when the-then PM Tony Blair was enjoying his “honeymoon period”.
Liz Truss has insisted “decisive action” by the government over its economic policies will help the UK going forward. Speaking to reporters, the prime minister said: “We have to look at what situation this country would be in if we hadn’t acted – people were facing fuel bills of up to £6,000, we had very
Liz Truss is a “danger” to the economy and has “lost control” after the fallout from the government’s mini-budget, Sir Keir Starmer has told Sky News. Speaking to political editor Beth Rigby, the Labour leader stopped short of calling for the PM and her chancellor, Kwasi Kwarteng, to quit, saying it was a “secondary” issue.
Sir Keir Starmer has condemned a Labour MP for “racist” comments she made about Chancellor Kwasi Kwarteng. Rupa Huq was administratively suspended pending an investigation after she claimed that Mr Kwarteng was “superficially” black. The MP for Ealing Central and Acton made the remarks about the UK’s first black chancellor at a Labour conference fringe
The International Monetary Fund (IMF) has criticised the UK government’s mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England’s monetary policy. The conflicting government and currency policies, of seeking to ramp up growth via tax cuts and rein in inflation through interest rate rises, attracted sharp
Shadow health secretary Wes Streeting said “the cavalry is coming with Labour” as he sought to portray the party as a government in waiting. Mr Streeting was speaking with Sky News’ Kay Burley ahead of Sir Keir Starmer’s keynote speech at the Labour conference in Liverpool. He said Chancellor Kwasi Kwarteng’s mini-budget last Friday had
Sir Keir Starmer will claim a “changed” Labour can turn the UK into a “growth superpower” in his keynote conference speech – as a new poll gave the party its largest lead over the Conservatives in more than two decades. The Labour leader will tell party delegates in Liverpool on Tuesday that Labour’s Green Prosperity
Shadow chancellor Rachel Reeves has said she’s never felt so optimistic about the future of the Labour party in her more than 12 years as an MP. Speaking to Sky News’ Kay Burley, Ms Reeves called Sir Keir Starmer a “brilliant man” and said that under his leadership, the party is finally “winning the battle
Labour will pledge to “build British industry” through the use of a state-owned investment fund during the second day of the party’s conference in Liverpool on Monday. In her speech tomorrow, Rachel Reeves, the shadow chancellor, will set out the party’s industrial strategy, which includes promises to invest in national projects from battery factories to
A union boss has said Sir Keir Starmer must “cosy up to working class people” to be effective in Opposition against the Conservative government. Speaking to Sky News’ chief political correspondent Jon Craig ahead of Labour’s party conference, RMT chief Mick Lynch said Sir Keir must “show a way that he identifies with the struggles
The Labour Party’s annual conference begins today – and policies on neighbourhood policing and clean energy are among those on the agenda. The Labour leader is seeking to set out the dividing lines between his party and the new Tory government during the four-day event. Speaking at a London Labour reception on Friday evening, Sir
Labour will attempt to fight back against the chancellor’s Trussonomics tax giveaways by unveiling rival plans to boost economic growth at its conference in Liverpool. The four-day conference will begin with a tribute to the Queen by party leader Sir Keir Starmer and the national anthem, a move that will be criticised by left-wingers. Deputy